ALTERNATIVE NEWS

Tuesday, June 19, 2012

20 rules that can save you from the Doomsday Cycle

Paul B. Farrell:SAN LUIS OBISPO, Calif. (MarketWatch) — Yes, they predicted doomsday
three years ago. Listen: “Over the last 30 years, we have built a
financial system that threatens to topple our global economic order,”
wrote Simon Johnson and Peter Boone. “We have let an unsustainable and
crazy ‘doomsday cycle’ infiltrate our economic system.”

This doomsday “cycle will not run forever … The destructive power of the
down cycle will overwhelm the restorative ability of the government,
just like it did in 1929-31.” In 2008 “we came remarkably close to
another Great Depression. Next time, we may not be so lucky.”

That was 2009. Since then Johnson, former IMF chief economist, co-wrote
last year’s bestseller “13 Bankers: The Wall Street Takeover and the
Next Financial Meltdown” and the new “White House Burning.”

But we all know neither party will fix these core economic issues
driving the Doomsday Cycle. Not this summer. Not after the elections.
And we all know why. America’s leaders on both sides are so
psychologically blinded by personal ambition they’ve lost all touch with
reality, no longer see what’s best for all Americans.

Yes, “an unsustainable and crazy Doomsday Cycle has infiltrated our
economic system,” Johnson and Boone wrote in their 2009 article in
“CentrePiece,” a publication of the London School of Economics.

Worse, it’s been accelerating since 2008. And by failing to act in a
timely way, politicians in both parties will let the “destructive power
of the down cycle overwhelm the restorative ability of the government,
just like it did in 1929-31, very much like a Second Great Depression.”

Politics? Irrelevant. Who wins? Irrelevant. Money rules America

Seriously, folks, the elections are relevant. Totally. Oh, both sides
pretend it matters. But it no longer matters who’s president. Or who’s
in Congress. Money runs America. And when it comes to the public
interest, money is not just greedy, but myopic, narcissistic and deaf.
Money from Wall Street bankers, Corporate CEOs, the Super Rich and their
army of 261,000 highly paid mercenary lobbyists. They hedge, place bets
on both sides. Democracy is dead.

Earlier the 2000 dot-com crash. And for three years we warned of the
2008 credit meltdown. In 2009 we saw the bull rally. The rest of the
decade? Tough times, austerity. So far we’re on course. Here’s what I
saw ahead of time:

Beginning in “2012. The Super Rich gain absolute power over Washington.
That bizarre Supreme Court decision legalized political bribery. Now
billions pass through lobbyists to politicians in all parties, with one
goal: A guarantee that all politicians, President, Congress, Fed,
regulators and state governments, adhere to the ideology that money
talks and wealth rules. Our middle class is in a rapid spiral down into
third-world status, while the rich get richer and the gap between the
richest and the rest widens.”

Yes, we’re rapidly setting up conditions for a New No-Growth Economics
coming after the Doomsday Cycle. We now know classical economics is
fatally flawed: The future of capitalism is tied to a Myth of Perpetual
Growth, a bankrupt, wishful-thinking premise that’s destroying America
from within.

Prepare yourself for long austerity. You should use these 20 rules to
help minimize the danger. What’s ahead is “just like in 1929-31 … like a
Second Great Depression.”

New No-Growth Economics: 20 new rules for after the collapse

So what’s next? Here’s our manifesto for the New No-Growth Economics, 20
rules, trends and principles that will emerge after Wall Street and the
American economy get hit by another bigger meltdown, totally
predictable in today’s blind, self-destructive political drama, a
meltdown bigger than 2000 and 2008 combined. Twenty principles guiding
our survival.
Read more on the New No-Growth Economics manifesto.

Here’s a short-version of what you must expect if you want to save yourself from the worst of today’s Doomsday Cycle:

1. Population control is absolutely essential.
Experts warn Planet Earth can support about five billion people. We
have 7 billion, heading for 10 billion by 2050. The Myth of Perpetual
Growth is capitalist voodoo, outstripping resources, guaranteed suicide.

2. Worst-case-scenario, population grows to 10 billion, disasters.
Population explodes to 10 billion. Non-renewable resources are exhausted
as if from six Earths. Widespread global wars, starvation, poverty,
pandemics, and other disasters could reduce population.

3. Next worst-case scenario: Population not cut back to 5 billion.
Still too many people. Revolutions are wake-up calls to abandon capitalism and classical economics.

4. Population control must eventually become worldwide economic policy.
Yes, even with the Vatican, conservatives, scientists. Well before 2050
deniers who will be shocked by the reality of accelerating catastrophes
threatening the planet and human existence.

5. Mass denial ends in aftermath of global catastrophes
. But what’ll shock the world’s collective conscience? The tipping
point? Global pandemics? Poverty? Starvation? Terrorist nuclear wars?
Our collective brain is still trapped in mass denial, refusing to
prepare. We may not know what will awaken the world. But we’re certain a
big one is dead ahead.

1 comment:

Pish. This is a very pessimistic view regarding humanity and our birth planet but, probably prophetic regarding the economy. I dig exponentiality but, there is a whole cosmos out there. Why do we limit our potential, why do we view ourselves as metaphorical parasites? Why do we fall for anything when the universe is ours for the taking?

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Are YOU Involved or Institutionalized? Our belief that the global economic crisis would persist and deepen is being vindicated and current events are now as clear as ever on the matter. Time for all of us to wake up, stand up and be counted or continue to lose all our liberties. Protect your homes and families. The sun will still rise but financial chaos and suffering due to the global fascist banksters' greed and corruption, slaughter due to the MIC's directed world wars in our name etc. is not pretty. We are feeling the effect on our society the size and like of which we have never known.

We are way past being surprised at the blanket suppression of this information by the BBC and main stream media propaganda machines. Information is clearly available elsewhere and unchallenged, accounts for a far more realistic rendition of what we have actually seen and what we continue to see develop, whilst the main stream news put out leaves many confused and bewildered, 99.9% of us wrong footed and the awakened indignant. As we can now see, the apparently 'soft fascist' powers that be aim to block these alternative avenues of information. Book up, "Long Live the Evolution."Feel free to copyme. Angelo Agathangelou.

P.S. The MHRM, are calling out the constant misinformation disseminated by and maintain our open challenge especially to western radical feminists, to point out just one area where government in the UK, Europe or anywhere else in the English speaking world disadvantages women and girls when compared with men and boys, ...the wage disparity myth having long been debunked by serious academics and statisticians. So far this challenge has remained unanswered. Western feminism is obsolete.

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